On https://en.search.wordpress.com/?src=organic&q=소액결제 Friday, flash media maker Lexar Media (LEXR) received a better revised takeover bid from Micron Technology (MU). The revised bid places the all-stock exchange provide at close to $10 a share, up marginally in the initial bid.
But main shareholders including billionaire investor Carl Icahn as well as hedge resources and portfolio administrators have considered the Original bid for being inappropriate. Elliott Associates thinks the initial bid “significantly undervalues Lexar,” and feels Lexar is truly worth amongst $1.5 billion and $two.four billion. The estimate is effectively over the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way way too very low and must be rejected by shareholders. 소액결제정책 Micron would like to pay out close to 1.10x product sales for Lexar while the marketplace leader SanDisk (SNDK) is trading at four.35x income. Lexar also provides a $400 million patent infringement lawsuit versus Toshiba that it experienced Beforehand gained but has become subject to an enchantment by Toshiba.
Give it some thought this way, An effective $400 million settlement in favor of Lexar would equate to all over $4.eighty three for each share in supplemental hard cash to include to the current $0.54 in cost-free cash right after financial debt that Lexar has. This suggests Micron would pay fewer than $five a share for Lexars assets, and that is small.
There exists also speculation that SanDisk is severely contemplating having a operate at getting Lexar. This might seem sensible considering that SanDisk would solidify its leadership situation.
Additionally, SanDisk has a close Functioning partnership with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to amass Lexar.
Remain tune. A Particular shareholder meeting to evaluation the takeover bid has become moved to June sixteen. In my perspective, the $10 bid undervalues Lexar. Issue is will a white knight area?